Results 191 to 200 of about 94,060 (287)
The RAND Journal of Economics, EarlyView.ABSTRACT Biased recommendations arise naturally in markets with heterogeneous consumers. We study a model in which a monopolist offers an experience good to a population of consumers with heterogeneous tastes and makes personalized purchase recommendations.
Martin Peitz, Anton Sobolev
wiley +1 more source
Pakistan's first medicine price deregulation policy: assessing its impact on prices, affordability, and availability of oral anti-diabetic medicines in private pharmacies. [PDF]
Front PharmacolSaeed A +9 more
europepmc +1 more source
Monopolistic Competition: Equilibrium and Optimality [PDF]
, 1990 In this pape, we study the relatiionship between efficient and optimal allocations in a Chamberlinian framework.
openaire +2 more sources
Why Is Exclusivity in Broadcasting Rights Prevalent and Why Does Simple Regulation Fail?
The RAND Journal of Economics, EarlyView.ABSTRACT Pay‐TV firms compete both downstream to attract viewers and upstream to acquire broadcasting rights. Because profits inherited from downstream competition satisfy a convexity property, allocating rights to the dominant firm maximizes the industry profit.
David Martimort, Jerome Pouyet
wiley +1 more source
Fossil Fuels and Renewable Energy: Mix or Match?
The RAND Journal of Economics, EarlyView.ABSTRACT This article investigates the influence of technological ownership on pricing strategies and productive efficiency. Our motivation comes from the evolving landscape of electricity markets where firms are transitioning from diversified to specialized portfolios, focusing on renewable energy or fossil fuels.
Natalia Fabra, Gerard Llobet
wiley +1 more source
Players' strategy selection in co-governance and supervision of internet platforms' monopolistic behaviors: A study on new media participation. [PDF]
PLoS OneSong Y, Xia T.
europepmc +1 more source
Redistribution Through Efficiency: Theory and Evidence from Three Electricity Markets
The RAND Journal of Economics, EarlyView.ABSTRACT Using micro‐data on over 160 million bids to buy and sell from three major electricity markets, we study efficiency improvements resulting from technologies such as storage. Consumer benefits arise not from stabilized prices but from changes in general price levels.
Matti Liski, Iivo Vehviläinen
wiley +1 more source
A Bertrand model with Brownian motion and behavioral errors. [PDF]
Sci RepGao B, Gao X, He S.
europepmc +1 more source
Search and Competition in Expert Markets
The RAND Journal of Economics, EarlyView.ABSTRACT We analyze a model where consumers sequentially search experts for treatment recommendations and prices, facing either zero or a positive search cost, whereas experts simultaneously compete in these two dimensions. In equilibrium, experts may “cheat” by overstating the severity of a consumer's problem and recommending an unnecessary treatment,
Yiran Cao +3 more
wiley +1 more source